Category: Technology

Intel Expanded its product offer in Sri Lanka as it faces growing demand for its processors from the state and private sector and a growing population of individual personal computer users. Intel of Wednesday introduced four new processors that promise to deliver an even faster digital experience and offer headroom for the next wave of […]

Sri Lanka Telecom said it was pumping Rs. 600 mn to float a fully owned subsidiary endash Telecom City (Pvt) Ltd.SLT said the capital injection would come in on a staggered basis to suit progress and development of the project.rn rnIn the first instance, it has been decided to pay up Rs. 2.50 per share […]

Standard Chartered Bank said on Wednesday that it was the lead arranger to a US$ 86 mn seven-year syndicated loan facility to fund Mobitel (Pvt) Ltd.s expansion drive.Eight local banks participated in the US dollar/Sri Lanka rupee syndication, while the Swedish Export Credit Agency, or EKN, had given it “partial support”.rn rnThe syndication partners included […]

Mauj, an Indian based mobile content provider made its first foray into the local market, launching a Java based cricket game for mobiles. However, the game will not be available in Sri Lanka until local network providers sign up with Mauj to distribute its content.rn rnRicky Ponting Cricket 2004, launched Tuesday is only one of […]

Telecom operator Suntel has seen its earnings jump 305 percent to Rs. 505 mn, though revenues were flat at Rs. 3.425 bn as at end Dec. 2003.Sri Lankas second wireless operator said falling interest rates cut debt servicing costs and helped swell its bottomline.rn rnFinance costs fell to Rs. 1.757 bn from Rs. 2.640 bn […]

The much-hyped third generation cellular services will soon be a reality, with the first of three trial networks launched by Dialog GSM on Tuesday. Though only on a test basis, CEO Dr.Hans Wijayasuriya says it creates an opportunity for Sri Lankans to interact with new age technology and offer application providers a platform to test […]

Leading IT companies including Oracle, Sun Microsystems and Intel are planning to open offices here on the back of one opened by Microsoft, a top bureaucrat told LBR.Three large call center projects are also slated for launch within next two months, one a captive center for a top insurance firm and two by leading Business […]

Full year 2003 revenues for SLT gained marginally, dispelling industry forecasts for a drop driven by halved IDD billings, but closed with a 16 per cent fall in net profits. Group net profit was at Rs. 2.38 billion, down from Rs. 2.68 billion in 2002 mainly due to a Rs. 710 million voluntary retirement scheme […]

Mobile operator Celltel Lanka signed up for a US$ 21 mn syndicated loan to deploy its network islandwide by August.Under the fifth phase, Celltels GSM network will add 85 new coverage sites and increase present coverage by 250 percent.rn rnldblquote We will have coast to coast coverage, with capacity to add a new switching system […]

The Court of Appeal on Thursday issued an interim order preventing the telecom watchdog from implementing Caller Party Pays (CPP) immediately.A fixed phone subscriber made the petition on the grounds that the regulator had failed to properly evaluate the negative effects of CPP and sufficiently inform the public.rn rnThe petition states that the Telecommunications Regulatory […]

The telecom watchdog says it will decide when to implement a caller party pays (CPP) regime after April 12, 60 days from when it first announced the additional rates fixed-line users would pay to call a mobile. The 60 day time lag to promote public awareness is a licence condition and was earlier set aside […]

The roll out of a free incoming to mobile phones regime is being pushed back once again, this time to allow for greater public awareness. The telecom watchdog on Feb. 12 said the Caller Party Pays (CPP) regime would be effective from March 1, with fixed line users paying up to Rs. 5 more for […]